bank secrets

[eppie]

Only people with "Income" pay income taxes. The wealthy dabble in investing and owning appreciating assets, but it is only considered "income" when they are forced to sell something (which is seldom).[/q

But we are talking about swiss bank accounts so income tax is not the issue here.

The tipping point has been reached here. The US government actively prevents people from becoming, or remaining wealthy.

I think people taking out bigger loans than they could cope with together with bankers prevent people from becoming wealthy.


Anyway, I don't think a too low amount of wealthy people is the biggest problem of the US.

We have been discussing this more often but generally the countries with the biggest tax burden are the richest and most developed (except of course for Switserland, but we know where they get their money from).
On a structural basis it is impossible to 'run' a state with little or no taxing. It can go fine for a country that is just founded and that has an incerdibly huge piece of land for the taking with all its natural riches, or for the old colonial power that just got all there riches using slavery and stealing from other countries...but for the rest impossible.